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Mad Money w/ Jim Cramer

Cramer’s Investing Playbook

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.34K Ratings

🗓️ 24 December 2019

⏱️ 44 minutes

🧾️ Download transcript

Summary

The American education system has taught you chemistry, geometry, and physics, but what about financial literacy? Tonight, Jim Cramer’s giving you his playbook for managing a financially-stable life. From contributing to a 401k to understanding the many different funds that the market offers, this show is all about demystifying a world that is often not taught in school. It may be winter break, but class is in session and Professor Cramer is ready to help you navigate any financial confusion you may have.

Transcript

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0:00.0

My mission is simple to make you money. I'm here to level the playing field for all investors.

0:07.6

There's always a more work in summer and I promised to help you find it.

0:11.9

Man money starts now.

0:16.4

Hey, I'm Cramer. Welcome to Man Money. Welcome to Cramer America. Other people want to make

0:20.8

friends who are trying to make some money. My job is not just to retain but to educate and teach you

0:24.4

so call me at 1-800-730-CMBC or tweet me at Cramer. There's a gaping hole in the American

0:31.2

education system, although even calling it a system seems overly generous. When you go to high

0:36.9

school, they teach you chemistry, they teach you geometry, they teach you physics. You have English

0:40.6

classes, history and classes, foreign language classes. You can graduate from college,

0:43.8

speaking three languages, but the deep understanding of quantum physics or ancient philosophy.

0:48.0

You can get a PhD in early modern literature. Did you know John Milton, Mr. Paradise lost

0:52.9

also a clinical pamphlet? They teach that in school if you get enough education.

0:58.0

But you know the one thing they almost never teach in middle school or high school might

1:02.4

say nothing of college? Financial literacy. And I'm not talking about economics here.

1:07.8

You could be an econ major and still learn nothing about personal financial planning or retirement

1:12.4

readiness. What on how to invest your money wisely? Money is just not talked about.

1:17.2

It's almost like it's the third rail of American education. You're a thousand times more likely

1:21.6

to read a DOS capital. I mean, okay, a mentally important book. Ideology side marks was actually

1:26.7

pretty good economist. But he's not going to show you how to balance a checkbook, let alone manage

1:32.3

a portfolio of stocks, financial literacy, the third rail. And that's why I'm on a constant

1:40.0

mission to teach you how to manage your money so that you can be a better investor. I want you to

1:43.9

make more money. Think of this choice as a kind of continued education for all things financial.

...

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